United Bankers is entering a new area in its fund offering by launching a fund that invests in renewable energy development projects and renewable energy power plants. The UB Renewable Energy Fund (AIF) will be open for subscriptions for the first time on 31 August 2023. UB Renewable Energy's primary investment targets are wind and solar power plants.

The fund can also invest in infrastructure related to energy production, energy storage and the hydrogen industry. The fund is an Article 9 fund under SFDR and its assets are invested in sustainable investments that have a climate target. UB Renewable Energy can make investments throughout Europe, with a focus on Finland and other Nordic and Baltic countries.

The fund's alternative investment fund manager is UB Fund Management Company Ltd, which is a company in the United Bankers Group.